Hi there, my husband and I own our home. Both names on deeds. House valued recently at €500k. We want to move my mother closer to us. House for sale close by for €350k. Her house is valued at €200k which she will sell and gift me the money. When I asked BOI about getting a mortgage for the balance €150k they advised the rate would be 5% or more as it is not our primary residence. House would be in our name with right of residence for
My mother.
Can anyone please advise if there is another bank we could approach? Is there a way around this insane rate? Would a quickie divorce help? (Drastic but 25
Years at 5% or more seems as crazy)
Any and all advice welcome. TIA
My mother.
Can anyone please advise if there is another bank we could approach? Is there a way around this insane rate? Would a quickie divorce help? (Drastic but 25
Years at 5% or more seems as crazy)
Any and all advice welcome. TIA